In: Economics
URGENT! 14-22
Each Question has 4-6 parts, please answer all of them.
-Which of the following is most closely related to the repeal of the McFadden Act?
Gramm-Leach-Bliley Act
Riegle-Neal Act
Federal Reserve Act
Bretton-Woods Agreement
Legal Tender Act
-Which of the following is most closely related to the repeal of the Glass-Steagall Act?
Federal Reserve Act
Riegle-Neal Act
Legal Tender Act
Gramm-Leach-Bliley Act
Bretton-Woods Agreement
-Which U.S. President ended U.S. involvement in the Bretton-Woods Agreement by “closing the gold window”?
Lyndon B. Johnson
Richard M. Nixon
John F. Kennedy
Gerald Ford
Ronald Reagan
-Which of the following is the most powerful tool available to the Federal Reserve?
Reserve Requirement
Open Market Operations
Moral Suasion
Discount Rate
-Which of the following represents the buying and selling of U.S. Treasury securities?
Discount Rate
Open Market Operations
Reserve Requirement
Moral Suasion
-Which of the following tools of the Fed is used as a signaling device?
Moral Suasion
Discount Rate
Reserve Requirement
Open Market Operations
-Which of the following Treasury securities is considered to be the riskiest?
Treasury Notes
Treasury Bills
James Bonds - 007
Treasury Bonds
-Which of the following Treasury securities is “sold on a discounted basis”?
Treasury Bills
Treasury Notes
Sleeping Beauty Bonds
Treasury Bonds
-Which of the following is associated with the notion that “Budget deficits do not matter because these deficits are offset by increases in Savings” ?
Supply-Side economics
Ricardian Equivalence
Twin Deficits Anomaly
Crowding Out
1. b. Riegle-Neal Act
2. d. Gramm-Leach-Bliley Act
The legislation overturning the Glass-Steagall Act is Gramm-Leach-Bliley Act.
3. b. Richard M. Nixon
On August 15, 1971, President Nixon announced that the United States would no longer convert dollars into gold or other primary reserve assets, effectively ending the Bretton Woods regime that had governed post-World War II international monetary relations.
4. b. Open Market Operations
Open-market-operations (OMO) are arguably the most popular and most powerful tools available to the Fed.
5. b. Open Market Operations
Under OMO, the Federal Reserve controls the supply of money by buying and selling U.S. Treasury securities.
6. a. Moral Suasion
Moral Suasion refers to a method adopted by the central bank to persuade or convince the commercial banks to advance credit in accordance with the directives of the central bank in the economic interest of the country.
7. d. Treasury Bonds
8. a. Treasury Bills
9. a. Supply-Side economics